Broker call▼ Bearish for Meesho

Meesho shares slip 7% as Nomura assigns 'reduce' call; here's what the brokerage says

1 source · first seen 16:56 25 Sept · updated 16:56 25 Sept

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Meesho₹217.06 · 0 today Stockbrokers9 today Market valuations88 today E-commerce5 today

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Meesho valuation and competition concerns

Nomura initiated coverage of Meesho with a Reduce rating and ₹167 target, implying 28% downside. Reports cited the company’s asset-light model, Valmo logistics network and growth potential, alongside rising competition and premium valuation risks.

Friday, 25 September

20:37
Rising competition, premium valuations may cap gains in Meesho stock
16:56You are here
Meesho shares slip 7% as Nomura assigns 'reduce' call; here's what the brokerage says
09:56
Price Action: Meesho down 4% as Nomura keeps 'reduce' rating; LCC Projects jumps 4% on project win
07:395 sources
Nomura initiates Meesho at Reduce, sees 28% downside to ₹167

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1 report · earliest 16:56

Business TodayMeesho shares slip 7% as Nomura assigns 'reduce' call; here's what the brokerage says16:56